9, PRESTON DRIVE, IPSWICH, IP1 6DS - £200,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

9 PRESTON DRIVE is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £200,000 in April 2017, which was around 37% below the average April 2017 detached price in the Ipswich local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

9 PRESTON DRIVE Sold Prices

Land registry data shows three sales for 9 PRESTON DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ipswich local authority area for the corresponding sale date. All of the three 9 PRESTON DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 13 APR	£200,000	£319,383	37% below HPI
2016 22 MAR	£205,000	£288,335	29% below HPI
2012 17 AUG	£164,995	£231,257	29% below HPI

9 PRESTON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The three 9 PRESTON DRIVE sales between August 2012 and April 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2017 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 9 PRESTON DRIVE?

9 PRESTON DRIVE is 59m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where 9 PRESTON DRIVE lies on this distribution: 2% of detached houses are smaller than 9 PRESTON DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

9 PRESTON DRIVE: Plot and Title Map

9 PRESTON DRIVE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 9 PRESTON DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 9 PRESTON DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 9 PRESTON DRIVE?

9 PRESTON DRIVE is located in IPSWICH, in the IP1 postcode district. The below map shows the position of No. 9 on PRESTON DRIVE.